Originally Posted by DJLJ
Sorry Tom, but that is bollocks. There is a much bigger chance the credit crunch will force their hands in 1 1/2 years time than people not buying from the club shop.
The debt being serviced is a small part in this, the big part is the £350m needs to be re-financed in a little less than 18 months. As long as the credit crunch is hitting the US so hard, the USD will continue to decline, especially seeing as they have now hit recession as well. This means that their assets is continues to be less worth in UK£, meaning they will have to put more of their assets in to get the refinance.
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I know!
I think my point is being missed completely.
What I said was that this bank collapse in the states etc will have no immediate effect whatsover.
You've hit the nail on the head, though. In 18 months time WILL have his hand forced, as he might not get a credit line big enough. But that's in 18 month's time!!
We need to force the cunts hand NOW, not in 18 months time, on a wing and a prayer that the financial climate will come to the rescue!
MAKE AN IMPACT
NOW.
Knowarramean?